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The market has already solved the "problem" of affordable housing. There is plenty of affordable housing available right now for rent or sale. It is in places that people generally don't want to live, but it is there. You pay less, you get less. That is the way it is with nearly every product on the market, why not housing?

That is also the way it is with labor. People are poor (generally) because they lack the skills needed to compete for higher paying jobs. In other words, there is no demand for them as workers, so they get paid less. Similarly, there is no demand for housing in certain parts of the city or country, so prices are lower.

Guess what, this works, without government intervention or urban (central) planning.

by dcdriver on Jun 19, 2012 6:44 pm • link • report

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